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is missing, the reason state budgets are strapped is that the economies are sluggish. it is four percent growth we don't have the problem. the issue that is it facing us in the past election is weather we are willing to pay for the government we need. we are cutting 20 billion from the california schools and that result necessary bigger classrooms and fewer teachers. the only small part of the short fall is it 10 billion or six-10 billion made up through the taxings. are we willing to pay for the government that we need? case tl system. >> we have to run. ualian over spending was a big piece of the problem in california. you have three bankrupt. take a break. and lending a hand to victims of super storm sandy. hmm, it says here that cheerios helps lower cholesterol as part of a heart healthy diet. that's true. ...but you still have to go to the gym. ♪ the one and only, cheerios to compete on the global stage. what we need are people prepared for the careers of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them. that's why at devry unive
funding for the pbs newshour has been provided by: ♪ ♪ moving our economy for 160 years. bnsf, the engine that connects us. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> woodruff: for the first time in four years, president obama did not have to worry about re-election today. still, there was little time to savor tuesday's victory, in the face of a potential fiscal crisis at the end of the year. "newshour" correspondent kwame holman begins our coverage on this day after the election of 2012. >> reporter: mr. obama departed his hometown of chicago this afternoon for washington, his home for another four years. waiting for him: a still- divided congress now facing a critical lame duck session. the president made it clear in his victory speech last night that he thinks the country wants an end to gridlock. >> tonight, you voted for action, not politics as usual. ( applause ) you elected us to focus on your jobs,
the entire size of our economy. there will be many who will say that we should confront the first of these challenges by letting the tax rates expire and pushing the sequester off to some other day. there would have disengage in the same short-term temporary policies that has helped put us into this fix. let's have more of the same. let's agree to a drive our economy off part of the fiscal cliff instead of driving it off the whole fiscal cliff and we will call it a day. that might get us out of town but it will not get us out of the problem. and it will hurt our economy. we cannot keep going on like that. we cannot keep setting the bar that low. it is time that we raise the bar. the american people did not give us a mandate to do the simple thing. they elected us to lead. they gave us a mandate to work together to do the best for our country. we know what the best thing is, an agreement that sends the signal to our economy and to the world that after years of hunting on the fiscal challenges we face, -- punting the fiscal challenges we face, 2013 is going to be different. if we wa
on tonight's "newshour." major funding for the pbs newshour has been provided by: ♪ ♪ moving our economy for 160 years. bnsf, the engine that connects us. and by the alfred p. sloan foundation. supporting science, technology, and improved economic performance and financial literacy in the 21st century. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> woodruff: with the election over, there's new talk in washington about finally coming to grips with taxes, spending and the deficit. the mammoth problem has been hanging over congress and president for many months, and now, time is running out. in just five days, lawmakers troop back to the capitol for a final, lame-duck session. and they are under mounting pressure to avoid going off the much-talked-about fiscal cliff. come january 1, the bush-era tax cuts will expire as will a 2% payroll tax cut that was passed in december of 2010. at the same time, large automati
♪ ♪ o president obama plans to make a statement this hour on the economy and address fears of the upcoming fiscal cliff. good afternoon. i'm steve sanders. and i'm dina bair. we welcome our viewers who are watching us around the country on wgn america and on the web. but first, our top story. apparently wrapping up their operations here. they have refused to say much about their ongoing search. day five of this effort comes five years after the mysterious disappearance of stacy peterson. state police tell us that there is now tip or lead that instigated this week's efforts. the availability of fbi resources was apparently ideal for following up on old leads. >> hope they find her. her husband remains a prime suspect. a former officer was convicted of killing his third wife. back in 2007 police pinpointed activity. >> bring my daughter here all the time. just to know that there may be remains here, i hope they could find her. >> would be nice if the family had closure. >> operation seem to be wrapping up for today. there's no indication whether the search will continue
it is a slope, it is going to hurt the economy. it's not going to happen overnight, we're not going to go into a major recession overnight, but, you know, the democrats clearly don't want to sacrifice unemployed workers and, you know, and the economy as a whole to, you know -- and so that's where they're vulnerable. and this is hypersimplified. i mean, i don't even -- you know, the tax increase is not just a bush tax cut, but it's a payroll tax cut, and unemployment is another big factor there, the extended unemployment. so the, you know, sort of a point -- okay. well, okay, i'm going to skip ahead, but just a couple of points to be made here. you know, economists are all glad that now -- or keynesians are glad that there's an implicit, you know, that the whole discussion around the fiscal cliff implies that you're a keynesian, that you really believe the economy's going to go south if you, if you close the deficit even though it's not usually stated in those words. you know, a couple of details are, you know, yes, generally speaking all else equal you reduce the deficit, you will have, y
the economy. this is video of the campaign release of the president wiping away tears as he thanked young members of his campaign staff in chicago. >> today he's going to talk about the tough situation ahead. automatic tax hikes and severe budget cuts that will go into effect in january it's called the fiscal cliff. the congressional budget office said yesterday if all the taxes and spending cuts take place, tax hikes in spending cuts, it will push the country's unemployment rate above 9% within a year. >> now virginia is planning its own cuts as a result. ko im is live from capitol hill with more. good morning ko. >> reporter: good morning andrea and mike, the next six weeks are crucial. the ticking time bomb as you said set for january 1st. the talks around taxes in d.c.. half a million federal workers, contractors and subcontractors could lose their jobs and d.c. could get hit big as well for metro losing $30 million. possibly. virginia also bracing for the those cuts across the board. the commonwealth has seen a sluggish economy and officials are worried that if a deal doesn't happen,
things resolved, get the economy back on track. but, i think it's undeniable based on the results in the house, in the senate as well as the presidency that people are supporting the idea of a more progressive version of the government designed to stand-up for the middle class and that we are all in this together and people aren't on their own and shouldn't be on their own. i'm hopeful the republicans in the house of representatives will come to the conclusion they can't continue to stand by a hard line position of no compromise. the one thing i think is clear is the american people want government to work and that's going to require compromise. >> the american people want government to work. wanting it doesn't make it so. ed, you are an outspoken supporter to mitt romney and a donor to a super pac. >> yes. >> i can understand how you feel about the presidential election because the person you were backing didn't win. when you look at the senate and congress and how congress is going to work with the president, how you interpret or understand the election results? >> one thing is
obama and prime minister cameron can do together to get the global economy on track and resolve serious situations like syria. >>> good morning from washington. it's friday, november 9th, 2012. this is "the daily rundown" i'm chuck todd. let's get right to my first reads in the morning. at 11:00, in the white house east room the president will speak to the nation for the first time since his election about what he hopes to accomplish before the end of the year. before taking on the new challenges though the president changed his campaign workers this emotional video from wednesday was released by the obama campaign. >> you guys have done, and the work that i'm doing has improved. i'm really proud of that. i'm really proud of all of you. and -- and what -- [ applause ] >> now it's back to governing. today the president will layout his marker for negotiations on the fiscal cliff. the combination of tax hikes and spending cuts that will kick in at the end of the year if nothing is done. a midnight december 30th, the bush tax rates will expire, the alternative minimum tax kicks in. more tha
said they would damage the economy. our economy is growing slower now than it was then. we are really regulating to disaster. >> epa in 2010, diana? $23 billion of regulatory costs for the year 2010. >> that's what epa says. it is really probably a lot more than that. i mean, thee regulations, the mercury, the car ever carbon, ozone, each cost $100 billion each. >> all right. >> they don't have to justify them with benefits because it is maximum achievable control technology. in other words, they want to get as much as they can out of the air and don't have to justify the benefits. >> all right. robert, let me bring you in. you got your own epa in california. and you got your own cap and trade in california. and you got your own tax hikes in california. i guess everybody is going to move to texas. is that true? leave town and go to texas? >> we are certainly going to do everything we can to prevent that. we are hoping to work with the governor and he will do the same. >> you don't really believe that, do you? i mean, governor brown wanted the tax hikes. governor brown is one of the bi
cuts to expire given the impact that's predicted on the economy? >> look, one hopes that these warrings factions that we have in washington will reach a compromise before january 1st. >> but david corn says that's virtually impossible. >> i don't understand what's so hard about this because the other thing that bill kristol said is that back when the economy was strong, he referenced 82 to 85 in the reagan administration when marginal tax rates were 50%, the other time the economy was really strong was during the second clinton administration when marginal tax rates were 39.6%. that's what president obama is talking about doing. going back to 39.6%. the economy took off. this should be a no-brainer. you're asking people to pay a little bit more to help out the whole fiscal health of the nation. come on. it's time to -- people have been partying since it's been 1999 for like 25 years. it's time to do this very simple thing. >> martin, i would submit what's so hard about it is january 3rd is still ahead of john boehner. he still has to be reb elected speaker by his own caucus. i think the
of our economy. there will be many who will say with the election over, we should confront the first challenges by electing the top two tax rates expire and pushing it off to somewhere else. they have lessing based in the same temporary policies that have put this into this fix. now they are saying, let's have more of the same. let's to drive our economy of the fiscal cliff and we will call it a day. that might get us out of town but it will not get us out of the problem and it will hurt our economy. we cannot keep going on like that, we cannot set the bar that low. it is time we raise the bar. the american people this week did give us a mandate to simply do the simple thing -- they elected us to lead. they gave us a mandate to work together to do the best for our country. we know what the best thing is, an agreement that sends the signal to our economy and to the world that after years of hunting on the fiscal challenges we face, -- punting the fiscal challenges we face, 2013 is going to be different. if we want to lift the cloud of debt hanging over our country. we will not solve t
of billions of dollars worth of cuts. and two, a tax increase. many analysts say this could plunge our economy back into a recession and lead to a sell-off in the stock market because of investors losing confidence in our government's ability to balance the budget. now the worry on this has already started, adding to the fiscal cliff concerns. europe's economy is struggling again. and here at home, apple continues to tumble. all of this leading to a 300-point drop in the dow, and a 2.5% fall on the nasdaq. cupertino-based apple down more than $22. it is now trading at a five-month low. if there is a silver lining to any of today's numbers, it's that the price of oil continues to fall. it's now at its lowest level since the summer because as the european economy suffers, the expectation is that less oil will be used there. we'll see if that comes back to affect our gas prices across the pond in the weeks to come. janelle? >> that would be welcome relief at the pump. thank you so much, scott. >>> it was one of the ugliest local battles in recent history. the seat for one san jose city council di
and hopes house republicans hold their ground. >> student compromise is driving the economy down. and they need to work on government reform at all levels. >> time for the guys to reach a compromise here, if congress fails to reach an agreement soon, a tax hike and drastic spending hikes will take affect on january 1. leaders of both parties reaching out on capitol hill. we'll have that development in the second half hour. >> stocks suffered their worst one day loss of the year. the dow dropped and investors looking past the election and focusing on big problems ahead in europe and potentially in washington. cory johnson will join with us a parkt recap in about 10 minutes.. >> now, to the elections over. has outlook changed in silicon valley? >> abc 7 news david louie checks on the pulse of the local economy. >> happening now, i'm david louie. the electric was yesterday, but today a kind of referendum held on wall street. investors selling off in such a way it could impact everything from solar energy companies to cloud-based companies. ash wagner has a small solar company with s
of the fiscal cliff and raising taxes on the top two rates would cost the economy more than 700,000 jobs. >> rorter: so republicans are hoping for new revenues but not from increased tax rates. remember, jenna, back in 2010, when the economy was growing at 2.3%, president obama extended all the bush tax cuts saying the economy was too weak to digest a tax increase. now it is growing at 2% but mr. obama is forging ahead anyway. jenna. jenna: it will be interesting to watch. jim, thank you. >> reporter: yes, ma'am. jon:. >> mr. president, this is your moment. we're ready to be led not as democrats or republicans but as americans. we want you to lead, not as a liberal or a conservative, but as president of the united states of america. we want you to succeed. let's challenge ourselves to find the common ground that has eluded us. let's rise above the dysfunction and do the right thing together for our country. >> it's better to dance than to fight. it is better to work together. everything doesn't have to be a fight. everything doesn't have to be a fight. that is the way it has been the las
economy energy eyes jiesed by simpler tax codes with fewer loopholes and lower rates for all? so his increaseded revenue is lower rates or dynamic scoring, i don't know. but i think he was able to pivot on his spin but in terms of the substance i don't think he's moved. >> i'm glad that you read his words because i do think that is what the republicans mean by revenue. the theory -- and it's a theory and there are detrack tors of this theory and supporters of the theory which is if you have lower tax rates, there will be more economic growth and activity which will in turn result in additional tax revenue into the u.s. treasury. and again, it really comes down to whether you buy into that theory. the republicans hold that theory and believe in it. the other side of the aisle doesn't believe in that theory to the same degree that the republicans do. so it almost comes down to what stan said is do you have steal mate over the i'd olingses and i think we all know that with the senate becoming a bit more liberal and the house becoming a bit more conservative that those are going to clash
in this economy, then the tipping point has been reached. we have more takers than makers and it's over. the country that no longer is interested in conservative ideas. it is interested in handouts. >> >> laura: this frustration and dejection is understandable. i, like many conservatives, thought mitt romney would pull out a victory, i, like many republicans, am extremely disappointed. the autopsy of what went wrong is ongoing. there will be conflicting opinions on the cause of death for the romney campaign and all those senate races. i happen to think that mitt romney ran an overly cautious and defensive campaign which allowed the other side to define him. perhaps with the exception being that first debate. some establishment republic types say this requires the party, however, to be less conservative, to be more moderate. and it's no surprise that democrats agree. i find that depressing. conservatism won huge for the g.o.p. in 2010. and it beat back a union backed recall just recently in wisconsin. but in just two years, a short period of time it's become unmarkable? nice try to. para
the economy strong and not shredding our nation pose a safety net. in fact, we will do it in a way where we make the key investments we need to make to grow the economy in a fair way. working together, we will invest in our small businesses and infrastructure to strengthen the middle class and create jobs. you know, there are entrepreneurs and small businesses that are the engine of growth in the nation and we have to do more to promote those true job-creators. working together. [cheers and applause] working together, we have got to win the global race. that means we have got to continue making those critical investments from early childhood to higher education to work force training to keep our nation positions ahead of all of our global competitors. but most of all, most of all, working together, we will remind virginians and all americans that our institutions of government can actually function again, that our leaders can set aside partisan politics and rise to the challenges that affect our nation. we know that as a commonwealth and as a country, we have been through tough times. we kn
,000 a year. and that makes no sense. it would be bad for the economy and it would hit families that are already struggling to make ends meet. fortunately, we shouldn't need long negotiations or drama to solve that part of the problem. while there may be disagreement in congress over whether or not to raise taxes on folks making over $250,000 a year, nobody-- not republicans, not democrats-- want taxes to go up for folks making under $250,000 a year. so let's not wait. even as we're negotiating a broader deficit reduction package, let's extend the middle-class tax cuts right now. let'do that right now. ( applause ) that one step, that one step would give millions of families, 98% of americans and 97% of small businesses, the certainty that they need going into the new year. it would immediately take a huge chunk of the economic uncertainty off the table. and that will lead to new jobs and faster growth. business will know that consumers, they're not going to see a big tax increase. they'll know that most small businesses won't see this increase. and so, a lot of uncertainty that
: ♪ ♪ moving our economy for 160 years. bnsf, the engine that connects us. and by the alfred p. sloan foundation. supporting science, technology, and improved economic performance and financial literacy in the 21st century. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> brown: israel and the militant group hamas slid closer to all-out war today. the israelis blasted gaza with scores of air strikes, and the palestinians said 16 people were killed there. hamas and its allies fired more than 200 rockets and even struck as far away as tel aviv. three israelis were killed. we begin with this report by john ray of "independent television news." ( gunfire ) >> reporter: in gaza, gunfire and a thirst for revenge. thousands throng the streets for the funeral of a hamas leader killed by israel. the first death of this conflict but how many more will follow? the mood here is of great anger and defiance. militarily, ha
it be that the fortune 500 there are fewer than 20 ceos. if we want our economy to flourish and grow we must lift up women leadership in our economy. very important. women in the academic world. women and health care. any subject you could name is more wholesome more successful more efficient with the involvement of women. when women came to the polls last week they registered their support for those who understood the challenges that women face. it is really a remarkable thing. under the leadership of the women standing hear the voices of america's mothers daughters and grandmothers will be heard. women are the bread winners for our families in many cases. the small business owners and our communities. isn't that right. the workers that will spur our prosperity. they are holding jobs but they are also creating jobs as entrepreneurs and owners. we keep our focus on women's rights and health equal pay enjoys. we also know that women are focused on the same issues all of us are the economy, jobs, the future of the middle class and the economy of our country. they are concerned about fiscal soundness f
mitt romney had a technical understanding of the economy, this was about trusting someone. someone who would fight for a better economic future for your children and that is a huge take away. that is buying into the vision of obama. he said that 52% agreed with president obama's views and 44% agreed with romney's views. >> you can't sell people nothing. you may win over latinos and women and latin americans. you can't say they are brown and they are brown >> this is a key point. i think the discussion has gotten reducktive. people who are latino or asian think about policy and whether they want their taxes to go up or down. there is no question there was ideal logical ratification that happened in this election. >> what i love about this, they are never going to turn to policy and say what about pro-choice? >> maybe we should open up to that. >> it is amazing that rush is saying that less than 48 hours after what is termed a whomping in this race. they cannot take a few days to think about where they want to go. >> rush never ceases to amaze, alex wagner at 12:00 noon. and chris haze s
cliff. it finds letting these bush tax cuts expire is the least harmful way to improve the economy. but the gop would rather see lower rates and eliminating loopholes. yesterday senator chuck smumer called it a rumpled stillskin fantasy. earlier this week the president gave a very heart-felt speech to his staff and even teared up a bit. >> you guys -- [ inaudible ]. and i'm really proud of that. i'm really proud of all of you. >> more bill is up after the break. stay with us. how are you ever going to solve the problem if you don't look at all of the pieces? >>tv and radio talk show host stephanie miller rounds out current's morning news block. >>you're welcome current tv audience for the visual candy. >>sharp tongue, quick whit and above all, politically direct. >>you just think there is no low they won't go to. oh, no. if al gore's watching today... at cepacol we've heard people are going to extremes to relieve their sore throats. oh, okay, you don't need to do that. but i don't want any more of the usual lozenges and i want new cooling relief! ugh. how do you feel? n
to the economy. back in a moment. >>> a private school was closed following an overnight fire. saint thomas moore school on south white road. investigators say the flames broke out in an office at the school. the water from the sprinkler system poured on to the gym floor. administrators hope the floor doesn't need to be replaced. the cause of the fire is not yet known. the school plans to resume classes monday for more than 200 students. >> families who need this holiday season will have a chance to soon up for help from the local community center. hundred of people camped out overnight at sacred heart community services san jose to register for holiday food distribution program. the program expect to provide food box for thousand of families for thanksgiving and for krchris mast too. >> we are going to be preparing the food boxes next weekend. hope to have all the food in by friday the right now we have four turkeys in the freezer. so, you do the math on that one. >> another registration will take place on friday. >>> how did we all survive? twitter went down today. for a short period. san franc
provided by: moving our economy for 160 years. bnsf, the engine that connects us. >> intel. sponsors of tomorrow. >> and by the bill and melinda gates foundation. dedicated to the idea that all people deserve the chance to live a healthy, productive life. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> brown: the investigation that felled the head of the c.i.a. has expanded, to include a high- ranking u.s. military figure. thanews rippled outward fro the pentagon today, and across official washington. the name of u.s. marine general john allen, the top american commander in afghanistan, surfaced overnight in the scandal that began friday with david petraeus resigning at c.i.a. director. unnamed defense officials say the military is now investigating possibly, quote, inappropriate communications between allen and tampa socialite jill kelley. she had reported getting harassing emails from another woman, paula
Search Results 0 to 49 of about 114 (some duplicates have been removed)